Emtec, Inc. Announces Acquisition of Luceo, Inc.

Marlton, NJ – Emtec, Inc. (OCTCBB: ETEC) (“Emtec” or the “Company”) announced today that it has acquired through its subsidiary, Emtec Global Services LLC, all of the outstanding stock of Luceo, Inc. headquartered in Naperville, IL. In 2006 Luceo was Ranked #1 from a Growth perspective in "The 2006 News India-Times-VII 100" listing. Siva Natarajan, who will remain as President of Luceo reporting directly to Dinesh Desai, Chairman, CEO, and President of Emtec said, “I’m excited about the opportunities for Luceo to grow as part of a larger enterprise like Emtec.”

Luceo offers a broad range of software consulting services, including ERP software implementation, applications development, systems management, support, database and systems administration. Luceo’s clients span a range of vertical markets including high tech, pharmaceutical, and insurance. Over 70 percent of Luceo’s 86 consultants are engaged in providing support on SAP, JavaJ2EE, and Microsoft. They have deep experience in these and other applications supplemented by strong domain knowledge in various market segments.

“With this acquisition we will begin the development of Emtec Global Services, a division of Emtec focused on software services with a global delivery capability,” said Dinesh Desai, Emtec Chairman, CEO, and President. “This will complement the enterprise infrastructure services provided by our existing Emtec Systems Division, including Emtec Federal.”

Luceo is an IT Services and consulting enterprise offering a wide array of customer-centric solutions. Areas of specific expertise include SAP, Java/J2EE, Microsoft, Database/UNIX, Systems Admin, and Data Warehousing.


Deanna Evers
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